UK economy could be especially at risk from Trump’s tariff war, says minister

Reynolds said there were also opportunities including the prospect of working more closely with the US on technology and digital trade in the services sector. Photograph: Chris J Ratcliffe/Reuters

The UK government is worried a “tariff war” between the US and other countries could lead to higher inflation and unemployment, the trade secretary has said.

Jonathan Reynolds, the business and trade secretary, warned the UK was particularly vulnerable to the impact of US tariffs because it was a “very globally oriented economy” reliant on international trade and investment.